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 TLT has not had a major breakdown at this time, yet the “Power of the Pattern” was suggesting that TLT could run out of upward momentum.  Did this chart hit the high of TLT to the DAY?  (see post here)

The Quiz below from last week was the 10-year yield, inverted.  The “Power of the Pattern” in the chart below was suggesting to long bond yields (they should move higher) or short govt bonds.

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TLT coming to the end of rising wedge (top chart) and meeting two different Fib resistance levels at the same time is rare and should be respected for the damage it could inflict on bond prices and the macro message it might be sending!

 

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